What is the most valuable currency in the world?

The U.S. dollar (USD) is one of the most valuable currencies in the world. The euro is the main rival of the U.S. dollar in international markets. It was worth slightly more in 2020. That has not always been the case, with the euro-to-dollar rate fluctuating over the years. In general, more valuable currencies tend to be stronger.

What is the cheapest currency in the world?

1 EUR = 46,424 IRR (Euro to Iranian rial). The cheapest currency in the world is the Iranian Rial. Its devaluation started in 1979 after the Islamic Revolution when many businesses left the country because of the uncertain situation. Then came the Iran-Iraq War, and the economic sanctions because of the country’s nuclear program.

What is the exchange rate of the least valued currencies?

The exchange rates of the least valued currencies were updated on 21 April 2023. Currency code – IRR. 1 USD = ~514,000 IRR (US dollar to Iranian rial – black market rate). 1 USD = 42,285 IRR (US dollar to Iranian rial – official rate). 1 EUR = ~564,000 IRR (Euro to Iranian rial – black market rate). 1 EUR = 46,424 IRR (Euro to Iranian rial).

Is the US dollar a good currency?

The U.S. dollar is one of the most stable and strong currencies in the world. It's used as a reserve currency for global trade and finance. Still, the currencies of some countries are more valuable, meaning that $1 is worth less than 1 unit of the foreign currency.